Form 1040ES is required for estimated tax liability especially if you expect to owe at least $1,000.00 in tax for the year. You are required to make estimated tax payments to avoid federal penalties. The practice of paying your quarterly estimated tax reduces the burden of paying a large sum all at once.
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit